Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EGY
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Vaalco Energy stock price up 1.63% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 15, 2024 Gain 24.01% PDF

The Vaalco Energy stock price gained 1.63% on the last trading day (Wednesday, 27th Mar 2024), rising from $6.76 to $6.87. During the last trading day the stock fluctuated 2.83% from a day low at $6.72 to a day high of $6.91. The price has risen in 9 of the last 10 days and is up by 54.04% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 1 million shares were bought and sold for approximately $8.74 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $6.99 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 24.01% during the next 3 months and, with a 90% probability hold a price between $5.66 and $8.67 at the end of this 3-month period.

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EGY Signals & Forecast

The Vaalco Energy stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $6.44 and $4.84. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -1.15%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Wednesday, February 28, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Wednesday, February 28, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Vaalco Energy stock

Vaalco Energy finds support from accumulated volume at $6.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.190 between high and low, or 2.83%. For the last week, the stock has had daily average volatility of 5.52%.

The Vaalco Energy stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $6.66 (-3.07%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 92 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (EGY) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Vaalco Energy Inc to open at $6.83, and during the day (based on 14 day Average True Range), to move between $6.58 and $7.16, which gives a possible trading interval of +/-$0.287 (+/-4.17%) up or down from last closing price. If Vaalco Energy Inc takes out the full calculated possible swing range there will be an estimated 8.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.95 (1.16%) than the support at $6.76 (1.60%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Vaalco Energy Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Vaalco Energy stock to perform well in the short-term.

Current score: 3.599 Buy Candidate Unchanged

Predicted Opening Price for Vaalco Energy Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$6.83 ( 0.534%) $6.87

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for EGY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.02 2.23 %
R2 6.95 1.18 %
R1 6.91 0.523 %
Current price: 6.87
Support S1 6.76 -1.59 %
S2 6.72 -2.24 %
S3 6.64 -3.30 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 6.95 1.16 %
Current price 6.87
Support S1 6.76 -1.60%
S2 5.77 -16.01%
S3 5.34 -22.27%

EGY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 26, 2024 Mar 07, 2024 Mar 28, 2024 $0.0625 0.91%
2 Feb 14, 2023 Nov 22, 2023 Dec 21, 2023 $0.0625 1.33%
3 Aug 09, 2023 Aug 24, 2023 Sep 22, 2023 $0.0625 1.47%
4 May 09, 2023 May 23, 2023 Jun 23, 2023 $0.0630 1.70%
5 Feb 14, 2023 Mar 23, 2023 Mar 31, 2023 $0.0630 1.39%

FAQ

What is the symbol for Vaalco Energy Stock and on which exchange is it traded?
The symbol for Vaalco Energy is EGY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Vaalco Energy Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Vaalco Energy stock to perform well in the short-term.

How to buy Vaalco Energy Stock?
Vaalco Energy Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Vaalco Energy Stock.

What's the current price of Vaalco Energy Stock?
As of the end of day on the 2024-03-27, the price of an Vaalco Energy (EGY) share was $6.87.

What is the 52-week high and low for Vaalco Energy Stock?
The 52-week high for Vaalco Energy Stock is $7.05 and the 52-week low is $3.51.

What is the market capitalization of Vaalco Energy Stock?
As of the 2024-03-27, the market capitalization of Vaalco Energy is 709.492M.

When is the next earnings date for Vaalco Energy?
The upcoming earnings date for Vaalco Energy is May 14, 2024.
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About Vaalco Energy Inc

Vaalco Energy VAALCO Energy, Inc., an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore in the Republic of Gabon in West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa. VAALCO Energy, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.... EGY Profile

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